Cryptocurrency Analysis and News Portal
The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has
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press release PRESS RELEASE. Within the DeFi space, Wault Finance has demonstrated its revolutionary nature by developing multiple innovative products. The protocol is one of the fastest growing projects in the DeFi sector, providing users a variety of yield farming and staking opportunities. Now, Wault intends to expand its ecosystem
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The popularity of stablecoins is increasingly on the rise. Recently, as Bitcoin hit new records, the market value of stablecoins witnessed a 10x increase. Facebook has announced its own stablecoin, and even VISA has become the first major payments network to settle transactions in the American dollar-backed stablecoin USDC. So what’s
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Utopia, a decentralized, peer-to-peer ecosystem, the development of which was begun covertly in 2013 and released officially in November of 2019, providing access to secure and surveillance resistant communication and finance, this month launches Utopia USD stablecoin; UUSD. The UUSD stablecoin is built upon Utopia’s serverless, peer-to-peer blockсhain, that currently powers
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Cardano is close to its final Hard Fork Combinator (HFC) event “Alonzo” to implement smart contract capabilities on the mainnet. Developers, community projects, and IOG are preparing for the milestone and the potential growth of the network’s ecosystem. Recently, IOG released a paper describing a new algorithm stablecoin to be launch
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Institutional interest in crypto is growing, confirmed by a Goldman Sachs survey, which found that 40% of the company’s high-net-worth clients were already exposed to cryptocurrencies. Stablecoins — which offer a more secure and steady option in the crypto space — have experienced hyper-growth, reaching a $119 billion market cap.
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There’s a chasm between the fast-developing world of decentralized finance (DeFi) and the old-school world of regulated TradFi, or traditional finance. The core rationale of DeFi is that there is no central entity in charge of authorizing or overseeing transactions. And as more DeFi products come to market, that chasm
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USD Coin (USDC), Circle’s dollar-pegged stablecoin, seemingly lost one of its biggest competitive advantages over its rival, Tether (USDT). Major crypto exchange Coinbase made an important change on the USD Coin page on its website following an audit which revealed that not all of USDC’s reserves were held in cash. This
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